6 bedroom House of Multiple Occupation in Nottingham

32 Denison Court, Denison Street, Nottingham, NG7 3PH
  • Lot No: 101
  • Property Type: House of Multiple Occupation
  • Contract Type: Unconditional with Variable Fee
Fairview Estates

Guide Price* £165,000+ plus fees

Property Description

The property is currently part let generating £1075pcm. However, once fully let would generate an income in excess of £2,000pcm making this property an excellent investment for any purchaser. The property is fully compliant with HMO legislation and benefits from having been granted an HMO licence by Nottingham City Council, has planning permission for occupation, and has all inspection certificates up to date and in place (fire alarm test; emergency lighting test; PAT test; gas safety; EICR). It has also been refurbished in recent years, including a new Worcester Bosch 42CDi boiler fitted in December 2018 (with building regulations compliance and certificate). The property is located on the edge of Nottingham City Centre and the development is popular for those wanting to have easy access into Nottingham as well as wanting to be within proximity to universities, schools, local amenities and excellent transport links. The property comes fully equipped with furniture and appliances.

Ground Floor

On entrance to the property you are greeted with an entrance hallway which leads through to:


Communal Kitchen (15’5 x 12’6)

Comes with an array of appliances


Shower Room (8’1 x 5’11)

consisting of Shower Cubicle, WC and Hand Basin


Shower Room (8’0 x 5’11)

consisting of Shower Cubicle, WC and Hand Basin


Tenure

Leasehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding. Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties). Guide Price & Reserve Price Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.

Auction Details

Date 29th October 2020

Venue National Property Auction - Day 1 (Residential)
The National Property Auction (Residential) will be conducted behind closed doors by auctioneers Andrew Parker and Graham Penny. The auction will be live-streamed online with remote bidding only. Registration for bidding will close at 12pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

32 Denison Court, Denison Street, Nottingham, NG7 3PH